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Stocks Sell-Off Sharply, 4 Positions

03/17  8:30am


On Wednesday, major indexes declined sharply for a 3rd straight session in a row. Volume swelled across the board.  Technical indicatos are decisively negative biased.  There is no sector leadership and vast majority of stocks are below 50dMA.

This morning, futures are pointing to a HIGHER opening for the major indexes.  After recent selling sessions, anticipate a snapback rally to occur.  However, anticipate the rally to be short lived....

Focus is on stocks holding above the 50dMA & close to / meeting the CRITERIA. 

Selective Chartists Positions (with BUY price):     4 (subscribers only)

Closely Monitoring: 
Lululemmon (NASDAQ:LULU)
Peabody Energy (NYSE:BTU)
Consol Energy (NYSE:CNX)
Southwestern Energy (NYSE:SWN)
Verifone (NYSE:PAY)
Dollar Tree (NASDAQ:DLTR)
Chipotle (NYSE:CMG)
Under Armour (NYSE:UA)
First Solar (NASDAQ:FSLR)
Archh Coal (NYSE:ACI)

View the charts: